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Re: young person with a problem


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Posted by FLOLDFORD on July 04, 2013 at 07:53:50 from (65.33.89.5):

In Reply to: young person with a problem posted by mikeplotner on July 03, 2013 at 21:51:43:

I don't think I can add anything to what's all ready been said by a this group of very wise individual's. But I will share a very short story with you When I was in my early 20's I took a job with a large earth moving company here in Florida. The man that owned it must have had over 50 pieces of equipment very little of it new the ones that were new did not have his name on them and one day I ask why. He said that he had always ran equipment that was used when he got it but over the last few years he started buying a few new pieces a year to keep up with the other company's. On the few he bought new he would pay around 75% of the cost and the borrow the rest against his line of credit and then pay it off within a year. Only then would his company name go on the machine said he didn't own until then. He always had old machines to fall back own if times got bad. He passed away not long after I went to work for him and his sons took over the company went to buying new stuff as fast as the could and selling off the old equipment. Company was gone in 5 years. So guess what I'm trying to say is if and when you do get to point where you think you need some newer equipment be wise about borrowing the money and never get rid of that old equipment you can still make a living with it. Sounds like you have a good head on your shoulders keep doing what your doing and laugh back at the ones that are laughing at you. I hope I live another 20 years so I can see where your at and where they are. I'm betting on you Good luck


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